Yukihiro Ikeda

Keio University · Faculty of Economics

The paper presents a revisionist view of Carl Menger's monetary thought. Although Menger is widely regarded as understanding the monetary system as a Hayekian spontaneous order, Menger recognizes the importance of state in the historical development of money. In his 1900 'Geld', Menger emphasizes the role of state as necessary for the full developm...

Considers a Wirkungsgeschichte of Hermann Heinrich Gossen, focusing on the reactions of the three stars of the Marginal Revolution: William Stanley Jevons, Leon Walras and Carl Menger. Although Hermann Heinrich Gossen is today known as one of the forerunners of the Marginal Revolution, it was only in 1879 that Jevons mentioned him in the second edi...

Conventional wisdom holds that the ideas of Walras and the other two stars of the Marginal Revolution, William Stanley Jevons and Carl Menger, are diametrically opposed to the English Classical School. However, the view that their formal models are in all respects anti Classical in nature is debatable. I contend that Walras’s production theory in p...

Among both academics and the general public, especially those of the older generation, Shinzo Koizumi (1888-1966) remains well known as a former president of Keio University and tutor of the future Japanese Emperor. A prolific writer of twenty-six volumes, Koizumi played important roles in the fields of both Japanese liberalism and conservatism aft...

Friedrich Hayek denied that the concept of social justice had any practical meaning in a modern society. He claimed that it can be justified only in those societies in which there is a strict order of preference. This was not the case in a capitalist society. Thus, the concept itself is a typical example of what Hayek called the animistic way of th...

Friedrich Hayek denied that the concept of social justice had any practical meaning in a modern society. He claimed that it can be justified only in those societies in which there is a strict order of preference. This was not the case in a capitalist society. Thus, the concept itself is a typical example of what Hayek called the animistic way of th...

Was Carl Menger a radical supporter of economic liberalism like the later members of the Austrian School of Economics? This is still an open question, even among scholars deeply involved with the study of the Austrian School in general and Menger in particular. There are good reasons for this: Menger’s main works were in the fields of economic theo...

Presents an explanation of the theoretical structure of Roscher's Grundlagen, one of the most successful economics textbooks of the last century. Describes Roscher's writings on the English classical school and in doing so, digests basic ideas from Adam Smith and John Stuart Mill. Attempts to clarify the economic theories of the Grundlagen which ha...

Was Carl Menger a radical supporter of economic liberalism like the later members of the Austrian School of Economics? This is still an open question, even among scholars deeply involved with the study of the Austrian School in general and Menger in particular. There are good reasons for this: Menger's main works were in the fields of economic theo...

As a phase of popularisation of Smithian economics in German speaking countries, we investigate Smith's position in Menger's Untersuchungen über die Methode Socialwissenschaften und der politischen Oekonomie insbesondere, second book by the founder of the Austrian School of Economics. Menger did not discriminate Smithian economics from the economis...